Growth of Mid-sized Businesses Essential to the Economy

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A recent CBI’s report forecast that mid-sized organisations could add up to £50bn to the UK economy by 2020 . However,  Neil Bentley, the CBI’s deputy director general commented, “Even with the right level of ambition firms will struggle to grow if they lack the right capabilities internally.”

According to Daniel Ball, writing for Real Business, if mid-sized organisations  don’t ‘tool up’ for growth their potential could be hampered by cash flow issues, supply chain inefficiencies, and a lack of business visibility. This is a critical time in their development and they can’t afford to lose focus.’ http://realbusiness.co.uk/news/dear-mid-market-please-dont-change-that-much

Here at WestWon, we couldn’t agree more. And we firmly believe that leasing and asset finance has a bigger role than ever to play in boosting business growth and the economy.

UK asset finance market growing by 9%

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According to the latest figures from the Finance & Leasing Association (FLA) The UK asset finance market grew by 9% in the second quarter of 2012 with new business volume for the three months to the end of June of £5.3bn (€6.6bn) compared to £4.9bn in 2011.

The FLA said more than 50,000 businesses invested in new equipment using leasing over the three-month period with more agreements were made through commercial finance brokers and equipment suppliers, with both channels up by 14% in the quarter.

WestWon’s CEO Jeremy Hall commented, “Our experience mirrors these findings, both within Buckinghamshire and UK-wide. Confidence amongst small and medium sized businesses in particular is strong and we also experiencing a sharp increase in enquiries from potential equipment suppliers and partners.  Overall, new business is growing steadily versus the previous year.”

#buckinghamshire #bizitalk

Over 50% of employees will work remotely this summer?

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Employers lease tablets for remote workers

Remote working boosts productivity

WestWon was recently musing about how employers are increasingly buying not only laptops for their employees, but tablets and phones as well. So it is interesting to see reports about how the Olympics and so forth have accelerated this trend.

For example, according to a survey by software company Telligent, a staggering 57% of UK employees stated that they would be working remotely at some point this summer. (https://www.techbubbles.co.uk/blog/57-of-people-will-be-working-remotely-this-summer)

It’s another reason why leasing IT equipment, and particularly pricey mobile devices, is such a great option for businesses trying to ride this personal productivity wave without a hefty impact on cash flow.

Lease your Warehouse Fittings

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Warehouse fittings can be leased

Lease or buy warehouse fittings

During our time in business, WestWon have financed many warehouse fit outs.

  • Lease LED lighting
  • Finance you Lantech pallet wrappers or Lantech shrink wrappers
  • Rent your mezzanine flooring
  • Hire a fork lift truck
  • Lease air conditioning, heating and ventilation systems
  • Rent warehouse racking
  • Finance pallet racking systems for narrow aisle, double deep or wide aisles
  • Anti-collapse mesh or frame systems
  • Lease partitioning and shelving
  • Finance your shrink wrapper or packaging machines
  • Lease trapping machinery

The list goes on. Certainly, buying a warehouse and fitting it out is a capital intensive project even though the upfront investment should be paid back in the long run through increased efficiency and staff productivity. Where there are capital budget restrictions, using leasing and finance facilities is an excellent way to acquire the warehouse equipment assets you need today, whilst allowing you to pay for them over their useful life. #assetfinance

 

Employers Now Financing Laptops and Tablets

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Lease tablets

Employers are leasing tablets as well as laptops

Tablet sales are already growing exponentially, and this trend is set to continue. So far, schools and blue chip companies – typically those with a large external sales force – have been the first to use lease rental to acquire large numbers of tablets.  Over the next few years, SME companies will follow suit as their staff also start to use tablets as a standard business tool.

“Research indicates that companies will soon be supplying their employees with a tablet, mobile phone and computer, and all three will communicate effectively together. The ensuing productivity benefits will make this a worthwhile investment, but it will be a significant change from today’s scenario where the company simply provides a laptop and employees buy their own mobiles and tablets” notes WestWon’s Jeremy Hall.

Acer, Asus, Blackberry, Dell, HTC, LG, Samsung, Sony, Toshiba are just a few of the most popular tablets. And with an RRP of between £169 and £579, companies contemplating bulk purchases and a steep upfront increase in costs may well find technology leasing a more attractive option than purchase – especially where the agreement includes insurance and extended warranty.

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